| dc.contributor | 國貿系 | - |
| dc.creator (作者) | 荒井夏來 | zh_TW |
| dc.creator (作者) | Natsuki Arai | - |
| dc.date (日期) | 2017-06 | - |
| dc.date.accessioned | 7-Jul-2017 16:05:13 (UTC+8) | - |
| dc.date.available | 7-Jul-2017 16:05:13 (UTC+8) | - |
| dc.date.issued (上傳時間) | 7-Jul-2017 16:05:13 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/110735 | - |
| dc.description.abstract (摘要) | This paper investigates the effects of monetary policy announcements at the zero lower bound using Japanese data from 1998 to 2013. I find that the effect of expansionary monetary policy shocks is directly passed on to corporate bond yields, notably for high-grade corporate bond yields. However, the magnitude of estimated pass-through to stock prices and the exchange rate is substantially smaller than in the U.S., and not statistically significant in most cases. | - |
| dc.format.extent | 335671 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | International Journal of Central Banking, Vol.13, No.2, pp.159-196 | - |
| dc.subject (關鍵詞) | Zero Lower Bound; Unconventional Monetary Policy; Identification through Heteroscedasticity; Bank of Japan | - |
| dc.title (題名) | The Effects of Monetary Policy Announcements at the Zero Lower Bound | - |
| dc.type (資料類型) | article | - |
